Welcome to our dedicated page for Usha Resources news (Ticker: USHAF), a resource for investors and traders seeking the latest updates and insights on Usha Resources stock.
Usha Resources Ltd. (OTCQB: USHAF) generates news primarily through updates on its North American mineral exploration portfolio, financings and corporate developments. As an exploration-stage company focused on critical metals, its disclosures often centre on technical milestones at its copper-gold and lithium projects and on transactions affecting its property interests.
Recent news releases emphasize work at the Southern Arm copper-gold VMS property in Quebec, where Usha has entered into an option agreement to earn a 100% interest. The company has reported the start and completion of Phase 1 field programs, including a black spruce bark biogeochemical survey and the initiation of an induced polarization geophysical survey along a 7.3 kilometre conductive trend on the Bapst fault. These updates describe how sampling and geophysics are being used to define high-priority drill targets for a planned maiden drill program.
Usha’s news flow also covers its lithium-focused assets. At the White Willow lithium pegmatite project in Ontario, the company has announced the identification of spodumene at the Maple Leaf pegmatite and has discussed the project as its flagship hard-rock lithium asset. Additional releases describe option agreements to potentially divest certain Ontario lithium pegmatite projects to Molten Metals Corp., as part of a stated effort to streamline its portfolio and focus on core assets.
At the corporate level, Usha issues news on non-brokered private placements, including flow-through share financings and unsecured convertible debentures, and on board changes such as the resignation of a co-founding director who continues in an advisory capacity. Investors following USHAF news can expect updates on exploration results and surveys, option and transaction terms for its projects, and financing activities that support ongoing field work.
Usha Resources (TSXV:USHA / OTCQB:USHAF) filed an early warning dated January 22, 2026 after completing a transaction with Totec Resources.
Under a share purchase agreement (Oct 22, 2025; amended Dec 10, 2025), Totec acquired interests in Subco by issuing 35,500,000 common shares (5,500,000 to Usha; 30,000,000 to other investors) and paying Usha $50,000 cash. Prior to closing Usha held nil Totec shares; post-closing Usha holds 5,500,000 Totec shares, or 14.3% of Totec on a non-diluted basis. Usha may buy or sell additional Totec securities subject to market conditions and securities rules. The early warning report will be available on SEDAR+.
Totec Resources (TSXV:TOTC) completed its Qualifying Transaction via acquisition of Subco and indirect ownership of the White Willow Property (489 mineral claims; ~10,220 hectares) on January 20, 2026.
Consideration was 35,500,000 common shares and $50,000 cash. A Concurrent Financing raised $4,500,000 through sale of 30,000,000 Subco units. Two 1.5% NSRs encumber the Property, with repurchase options (two-thirds) for $1,000,000 and $1,250,000.
Post-consolidation shares trade under ISIN CA89157M2040 and expected TSXV trading as TOTC on January 21, 2026, subject to final Exchange acceptance; trading remains halted until Exchange requirements are satisfied. Officers listed; 2026 AGM set for March 5, 2026 (record date Jan 29, 2026).
Usha Resources (TSXV:USHA / OTCQB:USHAF) and Totec Resources completed a $4,500,000 concurrent private placement through Subco, issuing 30,000,000 Units at $0.15 each. Each Unit includes one Subco share and one Subco warrant exercisable at $0.25 for two years. Finder fees totaled $146,122 cash plus 974,143 finder warrants. The financing supports the planned sale of Subco and Usha’s White Willow property to Totec, which will be Totec’s qualifying transaction on the TSX Venture Exchange and follows a 2:1 Totec share consolidation. Proceeds are earmarked for exploration and working capital. Closing remains subject to Exchange acceptance and trading of Totec shares is halted pending conditions.
Usha Resources (TSXV:USHA; OTCQB:USHAF) closed a non-brokered private placement on December 11, 2025, raising $500,000 through unsecured convertible debentures with a one-year term and a $0.05 conversion price per share. Interest may be paid in shares subject to TSXV approval; unpaid accrued interest will otherwise be cash. Debentures include a mandatory conversion right on a qualifying business combination if a 15-day VWAP before the announcement exceeds $0.10. Proceeds are for general working capital. Finder's fee of $500 was paid. Placement is subject to final Exchange approval and a statutory hold ending April 12, 2026.
Usha Resources (TSXV:USHA / OTCQB:USHAF) provided corporate updates on December 5, 2025, covering a director resignation, property transactions, and project plans.
The company confirmed the immediate resignation of co-founder Navin Kumar Varshney, who will remain available as an advisor. Usha is proceeding with a transaction to sell 489 mineral claims that form part of the White Willow project to Totec Resources as part of Totec's TSXV qualifying transaction. Following that sale, Usha will retain or control four White Willow components: Nym Lake (option to earn 100%), Rubidium Ridge (100% owned), Bingo East (100% owned), and Bingo West (100% owned). The Abiwin property was previously impaired and removed from the portfolio. Usha will not proceed with the proposed sale of up to 90% of Jackpot Lake to Stardust and intends to advance Jackpot Lake itself, targeting drilling in FY2026 pending permits.
Totec Resources (TSXV:TOTC.P) and Usha Resources (TSXV:USHA / OTCQB:USHAF) entered a definitive share purchase agreement on October 22, 2025 for Totec's TSXV qualifying transaction to acquire Subco, holder of the White Willow Property (~10,220 hectares) in the Thunder Bay Mining Division.
Key terms: Totec pays $50,000 and issues 5,500,000 Totec shares to Usha; a Consolidation (2-for-1) will occur; a Concurrent Financing of up to 28,000,000 units at $0.15 (up to $4.2M) is planned; assumed pro forma share count is 36,563,000 and investor ownership ~76.6%.
Closing is conditional on Exchange approvals, a minimum concurrent raise of $1,000,000, a NI 43-101 Technical Report, and Filing Statement clearance; Totec trading remains halted.
Usha Resources (TSXV:USHA) (OTC:USHAF) has received an Intervention Permit for Mining Activities at its Southern Arm polymetallic VMS property, enabling preparations for a maiden drill program in winter 2025. The property features a 7.3 km conductive trend along the Bapst fault with potential for copper, zinc, gold, and silver mineralization.
The project is strategically located near significant deposits, including the B26 deposit (16 km away) with 11.32 Mt grading 1.23% Cu, 1.27% Zn, 0.46 g/t Au, and 31.9 g/t Ag, and the historic Selbaie mine which produced 53 Mt at 0.96% Cu, 1.9% Zn, 0.58 g/t Au, and 40.7 g/t Ag.
This development comes amid a broader copper market outlook where UBS predicts a supply deficit exceeding 200,000 tons by 2025, driven by AI infrastructure demands.
Usha Resources (USHAF) has received an Intervention Permit for Mining Activities from MRNF for its Southern Arm polymetallic VMS property in the northwest Abitibi subprovince. This permit allows the company to begin access and drill pad preparations for its planned maiden drill program in winter 2025.
The Property features a 7.3km conductive trend along the Bapst fault with Zn, Pb, Ag, Mo, and Cu occurrences. It is strategically located near significant deposits including the B26 deposit (~16 km away) and the historic Selbaie mine (~15 km away). The company is currently awaiting results from its Phase 1 field program and IP survey, expected by year-end, which will help finalize drill targets for the planned 3,000-metre program.
Usha Resources (TSXV:USHA) (OTC:USHAF) has initiated fieldwork on an Induced Polarization (IP) survey at its Southern Arm property in Quebec's Abitibi Greenstone Belt. The survey, conducted by Geophysique TMC, will map underground areas up to 350 meters deep to identify optimal drilling locations for copper and other metals.
The property features a 7.3-kilometer conductive copper-gold trend along the Bapst Fault and is located near significant deposits, including the historic Selbaie mine. Usha plans to commence a 3,000-meter drilling program in winter 2024-2025.
This development comes amid warnings of a looming copper shortage, with UBS predicting a supply deficit exceeding 200,000 tons by 2025. The International Energy Forum emphasizes the need for over a billion tons of new copper mining capacity annually through 2050 to meet growing demand from renewables and EV markets.
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